Federal Agricultural Mortgage Corp. (NYSE:AGM) Director Thomas William Hill bought 300 shares of the firm’s stock in a transaction dated Friday, December 7th. The stock was purchased at an average cost of $61.67 per share, with a total value of $18,501.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of NYSE:AGM traded down $2.70 during trading on Friday, hitting $60.57. The stock had a trading volume of 24,800 shares, compared to its average volume of 38,701. Federal Agricultural Mortgage Corp. has a 12 month low of $59.71 and a 12 month high of $99.11. The firm has a market capitalization of $659.54 million, a P/E ratio of 8.18 and a beta of 1.15. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.37 and a current ratio of 0.37.
Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Thursday, November 8th. The credit services provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.05. Federal Agricultural Mortgage had a return on equity of 15.39% and a net margin of 20.12%. The firm had revenue of $49.50 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, December 13th.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Federal Agricultural Mortgage by 4.9% in the 3rd quarter. BlackRock Inc. now owns 932,889 shares of the credit services provider’s stock worth $67,335,000 after acquiring an additional 43,224 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Federal Agricultural Mortgage by 6.7% in the 3rd quarter. Renaissance Technologies LLC now owns 270,200 shares of the credit services provider’s stock worth $19,503,000 after buying an additional 16,900 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of Federal Agricultural Mortgage by 22.6% in the 3rd quarter. Copeland Capital Management LLC now owns 190,284 shares of the credit services provider’s stock worth $13,735,000 after buying an additional 35,108 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Federal Agricultural Mortgage by 0.5% in the 3rd quarter. Teachers Advisors LLC now owns 165,574 shares of the credit services provider’s stock worth $11,951,000 after buying an additional 884 shares during the last quarter. Finally, Weybosset Research & Management LLC grew its stake in shares of Federal Agricultural Mortgage by 0.6% in the 3rd quarter. Weybosset Research & Management LLC now owns 118,426 shares of the credit services provider’s stock worth $8,548,000 after buying an additional 746 shares during the last quarter. 57.91% of the stock is owned by hedge funds and other institutional investors.
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Federal Agricultural Mortgage Company Profile
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.
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